Rhumbline Advisers Decreases Stake in HBT Financial, Inc. $HBT

Rhumbline Advisers lowered its position in HBT Financial, Inc. (NASDAQ:HBT) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,712 shares of the company’s stock after selling 1,046 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of HBT Financial worth $442,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of HBT Financial by 42.4% during the 1st quarter. American Century Companies Inc. now owns 189,727 shares of the company’s stock worth $4,252,000 after buying an additional 56,521 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of HBT Financial by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 33,295 shares of the company’s stock worth $746,000 after buying an additional 1,335 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of HBT Financial by 12.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 278,159 shares of the company’s stock worth $6,234,000 after buying an additional 30,467 shares during the last quarter. Bank of America Corp DE lifted its position in shares of HBT Financial by 35.0% during the 4th quarter. Bank of America Corp DE now owns 15,615 shares of the company’s stock worth $342,000 after buying an additional 4,048 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. lifted its position in shares of HBT Financial by 120.1% during the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 93,536 shares of the company’s stock worth $2,096,000 after buying an additional 51,036 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

HBT Financial Stock Performance

Shares of HBT opened at $25.81 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $813.02 million, a P/E ratio of 10.67 and a beta of 0.66. The company’s fifty day moving average is $25.61 and its two-hundred day moving average is $24.35. HBT Financial, Inc. has a 1 year low of $19.46 and a 1 year high of $27.02.

HBT Financial (NASDAQ:HBT) last announced its quarterly earnings data on Monday, July 21st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $59.45 million. HBT Financial had a net margin of 26.22% and a return on equity of 13.98%. During the same period in the previous year, the company posted $0.57 EPS. On average, sell-side analysts predict that HBT Financial, Inc. will post 2.34 earnings per share for the current year.

HBT Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, August 5th. HBT Financial’s dividend payout ratio (DPR) is currently 34.71%.

Analyst Upgrades and Downgrades

HBT has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $30.00 price objective (up previously from $24.00) on shares of HBT Financial in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of HBT Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Piper Sandler boosted their price objective on shares of HBT Financial from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. DA Davidson lifted their target price on shares of HBT Financial from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of HBT Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.80.

HBT Financial Profile

HBT Financial, Inc operates as the bank holding company for Heartland Bank and Trust Company that provides business, commercial, and retail banking products and services to individuals, businesses, and municipal entities in Central and Northeastern Illinois, and Eastern Iowa. The company's deposits accounts consist of noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, certificates of deposits, health savings accounts, and individual retirement accounts.